This is to inform you that the Company has entered into a Memorandum of Understanding dated 16 May 2026 with Mecpower Solutions Private Limited in relation to execution of EPC works for ....
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RDB Infrastructure And Power Ltd has entered into a Memorandum of Understanding with Mecpower Solutions Private Limited dated 16th May 2026. The agreement is for execution of EPC works for developing a Solar Power Project with 70 MW (AC) / 95 MW (DC) capacity along with a 25 MWh Battery Energy Storage System in Bikaner, Rajasthan. The contract value is approximately Rs. 348.64 Crores. The two parties will jointly participate in the project on a 50:50 basis for profit-sharing, with RDB undertaking procurement and execution of the EPC scope. This is a domestic transaction and not a related party transaction.
This announcement signals RDB Infrastructure's expansion into large-scale renewable energy projects, which could be positive for the company's revenue visibility given the substantial contract size of over Rs. 348 crore. The 50:50 joint venture structure spreads execution risk while providing growth opportunities in the solar energy segment.